Our verdict
Best for
People with unsecured debt they can repay in full over three to five years if the interest stops
Not for
Anyone whose debt is beyond what income can repay, where a consumer proposal filed by a licensed trustee is the honest answer
What we like
- Free initial counselling with no obligation
- Non-profit, so the incentive is not to sell a product
- A debt management plan avoids the credit consequences of a proposal or bankruptcy
Where it could improve
- Cannot file a consumer proposal or bankruptcy, since that requires a licensed insolvency trustee
- A plan requires creditors to agree, and not all do
- Ontario footprint is the strongest
Products
One block per product, each with its own numbers. Never blended into a single range.
Credit Counselling and Debt Management
Debt management plan
Service type
Credit counselling, debt management programme
Good to know: Consolidated Credit Canada is a non-profit credit counselling organisation, not a Licensed Insolvency Trustee, so it arranges debt management programmes with creditors rather than filing insolvency proceedings. The first counselling session is free and it has operated in Canada for over 19 years.
Consolidated Credit alternatives
Farber
Licensed trustee
If the debt cannot be repaid in full, only a trustee can file a proposal.
4 Pillars
Advisory
Independent advice on which route fits, before committing to a filing.
Debt consolidation loan
9.99 - 35% APR
If you can qualify below what you are paying now, a loan may cost less than a plan.
Alternatives link to our profiles only. Comparing is the point; we send nobody sideways.
Company details
Legal name
Consolidated Credit Counseling Services of Canada
Parent
Non-profit
Regulator
Provincial consumer protection registration
Founded
2007
Hq
Ontario
